1506 Platinum Dr Edinburg, TX 78539
- Land
Current Use by Public Records
- Land
Property Details for 1506 Platinum Dr
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 23,391.72 square foot lot, located at 1506 W Platinum Drive in Pharr, Texas (zip code 78579), presents a remarkable opportunity for developers and investors. Situated in Hidalgo County, this commercially zoned property is ideally suited for the construction of a substantial multifamily development. Preliminary plans suggest the potential to build between eight and twelve apartment units, although the final number will depend on the chosen building design and configuration. The lot's dimensions are 101 feet by 231 feet, providing ample space for a significant project. The asking price for this prime development land is $300,000. This property offers significant potential for substantial returns, making it an attractive investment in a growing Texas market. The property is conveniently located near the intersection of Sugar and 495, offering easy access to major transportation routes and amenities. This is a rare chance to acquire a large, well-positioned lot perfect for creating a thriving apartment complex. Don't miss this chance to capitalize on this exceptional investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1885
- Latitude
- 26.2683
